May 2016

Patrick F.N. Anderson

High-Grade Gold in Northern Ireland

Chairman & Chief Executive Officer

2

FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON

2

This presentation contains “forward looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance ofthe Company and its subsidiaries (collectively, “Dalradian”) and its mineral projects, the future price of metals, the estimation of mineral resources, the realization of mineralresource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of thedevelopment of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks,reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending regulatory matters. Often, but not always,forward looking statements can be identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”,“would”, “might” or “will” be taken, occur or be achieved.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such asthe continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained on a timely basis in order to permit Dalradian to proceed onschedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian’s operations continue to grow, that theprice of gold will be at levels that render Dalradian’s mineral projects economic, that the Company will be able to continue raising the necessary capital to finance its operationsand realize on mineral resource estimates and current mine plans and that the assumptions contained in the Company’s PEA (as defined herein) are accurate and complete.

Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian tobe materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others,general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamationactivities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possiblevariations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents,labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development orconstruction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2014dated March 24, 2015 (the “AIF”) .

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward lookingstatements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements containedherein are made as of the date of this presentation and the Company disclaims any obligation to update any forward looking statements, whether as a result of newinformation, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward looking statements will prove to beaccurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardlooking statements.

Certain technical data in this presentation was taken from the press release dated May 5, 2016 and titled "Dalradian Announces New Mineral Resource Statement forCurraghinalt, including a 109% Increase in Measured & Indicated Gold Ounces”, prepared in accordance with NI 43-101 under the supervision of Dr. Jean-Francois Couture,PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both full time employees of SRK Consulting (Canada) Inc. and independent Qualified Persons as defined byNational Instrument 43-101, and is subject to all of the assumptions, qualifications and procedures described therein. Mineral resources that are not mineral reserves do nothave demonstrated economic viability.

Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, MAIG, Consulting Chief Geologist with Dalradian Resources Inc., are the Qualified Persons who reviewed andapproved the technical information in this presentation. The exploration data was based on the procedures described in the Company’s PEA and is subject to all of theassumptions, qualifications and procedures described therein.

3

PREMIUM ASSET IN A SCARCITY MARKET

High grade gold in the first world

Major de-risking of the project during 2016

Feasibility Study and submission of mine construction permit targeted in H2 2016

4

425175800

00

130,000

days working undergroundblastsm of 950 m of developmentlost-time accidentsnon-compliancem of drilling

CORPORATE

6

THE BOARD: TRACK RECORD OF FINDING, FUNDING AND BUILDING MINES

PATRICK F. N. ANDERSONCHAIRMAN & CHIEF EXECUTIVE OFFICER

Founder & Former CEO of Aurelian Resources 2008 – PDAC International Mineral Discovery 2008 – Northern Miner Man of the Year

RONALD GAGEL

CFO of TMAC Resources; Former CFO of FNX Mining and Aur Resources 2013 – PDAC Distinguished Service Award

THOMAS OBRADOVICHLEAD INDEPENDENT DIRECTOR

CEO of Barkerville Gold Mines Founder & Former CEO of Young-Davidson Mines Former Director of Aurelian Resources

SEAN ROOSEN

Founder & CEO of Osisko Mining Corporation and Osisko Royalty Corporation

‘06 – Prospector of the Year - Quebec ‘08 – Prospector of the Year - Canada ‘09 – Northern Miner Man of the Year

JONATHAN RUBENSTEIN

Director of Eldorado Gold, Detour Gold, MAG Silver Former Director of Aurelian Resources, Sutton Resources, Canico

Resource and Cumberland Resources

PATRICK “PADDY” DOWNEY

Former CEO of Elgin Mining, Aura Minerals and Viceroy Exploration Native of Northern Ireland

GRENVILLE THOMAS

Founder & Chairman of Strongbow Exploration Founder & Former Chairman & President of Aber Resources

(now Dominion Diamond) ‘99 – PDAC Prospector of the Year ‘01 – Northern Miner Man of the Year ‘09 – Canadian Mining Hall of Fame

JIM RUTHERFORD

Former senior vice president of Capital International Investors, responsible for mining investments

Native of Northern Ireland

DR. NICOLE ADSHEAD-BELL

More than 20 years of experience in the mining sector and capital markets

Former Director of Mining Research at Sun Valley Gold

7

ANALYST COVERAGE

All dollars quoted in $ CAD

$0.00

$0.25

$0.50

$0.75

$1.00

$1.25

$1.50

$1.75

$2.00

M J J A S O N D J F M A

2016

$1.11May 13, 2016

$1.65Michael Curran

$1.50Ryan Walker

$2.00Tyron

Breytenbach

Targets range from $1.40-$2.20

$2.00Andrew

Breichmanas

$1.75Adam

Melnyk

2015

$1.50

120p

$1.75

$1.40Jamie Spratt

Eric Zaunscherb

Ron Stewart $1.50

Stephen Walker

Jonathan Guy

8

CORPORATE SUMMARY

TSX: DNA STOCK PRICE

Shares outstanding of 217 million and fully diluted of 299 million as of May 4, 2016

Cash position of $31 million as of March 31, 2016

SHARE CAPITALIZATION AND CASH POSITION

All dollars quoted in $ CAD

Local listing (AIM:DALR) for a local project

TOP TEN SHAREHOLDERS (REPRESENTING ~50%)

GEOGRAPHIC OWNERSHIP FOR IDENTIFIED SHAREHOLDERS

Canada 50%

US28%

Europe 20%

M&G (on behalf of Vanguard)

Sprott (Sprott Asset Mgmt, Sprott Global and Sprott Wealth)

Ross Beaty

Sun Valley

Front Street

Rosseau

Insiders (2.9%)

Aegis

RBC

Julius Baer

CURRAGHINALT DEPOSIT

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MINERAL PROJECTS IN IRELAND AND THE UK

Our flagship asset: Curraghinalt, orogenic high-grade gold deposit

Excellent regional infrastructure

Over 84,000 hectares under license

Gold

Base Metals

Other

Gortin

Omagh

Curraghinalt

BELFAST

N O R T H E R NI R E L A N D

Galantas Gold

ConroyDiamonds& Gold

Lonmin

Irish SaltMining

Irish Salt (Kilroot)UG Mine

Curraghinalt GoldDeposit

Galantas (Cavanacaw)Permitted UG mine

Scotgold (Cononish)Permitted

Vedanta (Lisheen)Previous producer

Boliden (Tara)In production

Lundin (Galmoy)Previous producer

Conroy (Clontibret)Gold exploration

Xstrata (Pallas Green)Feasibility

Wolf (Hemerdon)Tungsten producer

Cleveland Potash (Boulby)In production

Sirius (York Potash)In development

Croagh PatrickGold deposit

IMC Exploration (Avoca)Exploration

Gold Mines of Wales(Gwynfynydd/Clogau) Exploration/former mines

Calliacher-Urlar BurnExploration

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CURRAGHINALT RESOURCE

Since 2010, we have grown the resource more than 6-fold over 4 updates

May 2016 resource update more than doubled M&I ounces in support of FS, with minimal loss of Inferred ounces

High-grade gold resource1

Measured: 0.03 MT grading 26.99 g/t Au for 25,000 contained ounces Indicated: 5.58 MT grading 11.53 g/t Au for 2.07 million contained ounces Inferred: 7.13 MT grading 10.06 g/t Au for 2.31 million contained ounces

Based on more than 130,000 m of drilling

Deposit is open in all directions

1 Refer to news release of May 5, 2016

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RESOURCE GROWTH

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2007 (pre-DNA) 2010 2011 2014 2016

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

5

Metres drilled Millions of ounces

Met

res

Dri

lled

Millio

ns O

f Ou

nces

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Orogenic deposit; analogous to prolific Abitibi (Canada) and Lachlan Gold Belt (Australia)

High grade, with grade increasing as confidence does

High ounces / tonnes per vertical metre

16 veins identified so far (5 new ones in 2016 resource)

Abundance, spacing and orientation of veins advantageousfor underground mining

Gold is non-refractory, amenable to off-the-shelf processing

Two vein types carry the gold: D veins (main) and C veins; only D veins included in resource

FS is looking at effect of C veins on mining dilution

DEPOSIT CHARACTERISTICS

V-75 vein Each square of the screen is 4 inches wide

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CURRAGHINALT VEIN SYSTEM

DISTRICT-SCALE POTENTIAL

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MODULAR EXPANSION POTENTIAL

1 Refer to Technical Report2 12-CT-162 drilled at 180/-55. 12-CT-173 drilled at 150/-60; 2a from 186.00m- 188.22m, 2b from 229.08m - 230.55m ; true width undetermined3 11-CT-99 drilled from 471.14-474.34m4 12-CT-167 drilled from 201.93-204.40m

Vein and Vein Intersections

Curraghinalt

Deposit

Curraghinalt DepositResource effective as of Jan 2014

1–

Measured: 0.02 Moz Au (0.02 MT @ 20.15 g/t)

Indicated: 0.99 Moz Au (2.98 MT @ 10.34 g/t)

Inferred: 2.49 Moz Au (8.01 MT @ 9.67 g/t)

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

Attagh Burn2.47m @ 18.99 g/t Au

4

Alwories Discovery Holes2

4.72m @ 14.82 g/t Au (12-CT-173)

2.22m @ 14.10 g/t Au (12-CT-162)2a

1.47m @ 23.60 g/t Au (12-CT-162)2b

900 m Step-out 0.65m @ 15.04 g/t Au (12-CT-154)

400 m Step-out

3.2m @ 5.34 g/t Au (11-CT-99)3

Proposed

mine site

17

Curraghinalt

Deposit

Attagh Burn2.47m @ 18.99 g/t Au (12-CT-167)

3

Golan BurnOutcropping veins including

60cm @ 61.43 g/t Au

Gold Anomalies

1

kilometres

0 2

Scotch TownPeak of 10.52 g/t Au

In mineralized boulders

400 m Step-out

3.2m @ 5.34 g/t Au (11-CT-99)2

1 12-CT-162 drilled at 180/-55. 12-CT-173 drilled at 150/-60; 2a from 186.00 m- 188.22m, 2b from 229.08m - 230.55 m ; true width undetermined2 11-CT-99 drilled at 200/-60, from 471.14-474.34 m3 12-CT-167 drilled from 201.93-204.40 m

Vein and Vein Intersections

Glaciated Terrain with Minimal Outcrop

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

Alwories Discovery Holes1

4.72m @ 14.82 g/t Au (12-CT-173)

2.22m @ 14.10 g/t Au (12-CT-162)2a

1.47m @ 23.60 g/t Au (12-CT-162)2b

12KM GOLD TREND IS MOSTLY UNEXPLORED

Proposed

mine site

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HIGH GRADE REGIONAL DISCOVERIES

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

Curraghinalt

Deposit

Fallagh

Rylagh

1

kilometres

0 2

1

kilometres

0 2kilometres

0 5

SAMPLES - New Discovery 50cm @ 139.5 g/t Au (F11601)

10-15cm @ 1.37 g/t Au (F11627)

50cm @ 168 g/t Au (F36011)

50cm @ 42.4 g/t Au (F36011)

SAMPLES30.30 g/t Au (B0641)

29.20 g/t Au (B0633)

17.25 g/t Au (B0625)

11.65 g/t Au (B0627)

FEASIBILITY STUDY

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FEASIBILITY STUDY

FS supported by UG program, including 950 m of new development with test stoping and 51,479 m of infill drilling (completed)

FS proceeding on the basis of:

Mining primarily by longhole but with additional methods as required to minimize dilution;

Processing incorporating a flotation circuit;

Dry stack tailings; and

~ 50% of waste rock to be returned underground as paste backfill

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SITE OVERVIEW

Crow

106-16

No. 1

T-17

Mullan

Sheep Dip

Road

Water treatment plant

Waste pad

Ore storage

Explosives magazine

Elevator and ventilation

Veins

Previous Development

Development completed by DNA

V-75

Adit

Test stopes

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TEST STOPING

Developed Planned Ramp Development Remucks

106-16vein

Slap Shotvein

V-75 vein

Stopes

V-75 Stope 2V-75 Stope 1

Optional V-75 Stope 4

OptionalV-75 Stope 3

Sump

V-75 170 Level

PERMITTING

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NI GOVERNMENT FOCUSED ON JOBS

Election May 5, 2016

All major parties confirm top priority of government will be jobs & investment

Most pro-business party, DUP returned as largest party with the most seats in the Assembly, first minister role and choice of preferred ministries

First Minister has visited our project

Invest NI grant to Dalradian for $590,000 to support jobs and training during UG Program

Aug 2014 site visit by Arlene Foster, MLA, then Minister for Enterprise, Trade and Investment, now First Minister

Planning decision

ESTABLISHED PERMITTING PROCESS

Draft Project Description(pre-consultation with stakeholders via PAD)

Prepare ESIASubmit Planning Application

H2 2016

Planning NI Review

Permission to construct a mine will be based

on a Planning Application, which will consist

of a Project Description and an Environmental

and Social Impact Assessment (ESIA)

Review and approval is

estimated to take 1-2 years

Curraghinalt has been designated a project

of “regional significance”, which allows

ministerial involvement in the planning decision

Pre-engage with DOE

via a Pre-Application

Discussion (PAD)

Granted

Refused

Referred to Public Local Inquiry

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ESTIMATED TIMELINE

Jan2016 Feb Mar Apr May June July Aug Sept Oct Nov Dec

UG development Test stoping

Infill drilling

Resource update

1st round of 2nd round of Submission of Stakeholder consultations consultations Planning Application

Feasibility study

Preparation of ESIA

SUMMARY

DNA HIGHLIGHTS

Team of mine builders, explorers, financiers and local expertise

Business-friendly jurisdiction with transparent permitting

Large, high-grade vein system

District-scale growth potential

Proven narrow-vein mining methods

Simple processing

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Patrick F.N. Anderson

Chairman & CEO

info@dalradian.com

416.583.5622

Trading Symbol:

DNA on TSX

DALR on AIM

Corporate Office:

Dalradian Resources Inc.

Queen’s Quay Terminal

207 Queen’s Quay West

Suite 416

Toronto, Ontario

Canada M5J 1A7

www.dalradian.com